new Delhi. The Enforcement Directorate (ED) may move the court to obtain a non-bailable warrant against businessman Nandkishore Chaturvedi in a money laundering case related to Pushpak Bullion, one of the Pushpak Group companies.
The ED had recently attached assets worth Rs 6.45 crore of Shridhar Patankar, brother-in-law of Maharashtra Chief Minister Uddhav Thackeray, in the same case.
The probe agency alleged that Chaturvedi was managing the companies and diverted cash through his firm Humsafar Dealers Pvt Ltd in the guise of giving unsecured loans of over Rs 30 crore to Shree Saibaba Grihinimiri Pvt Ltd, which was allegedly But Patankar is controlling.
Thus, Patel diverted funds from Chaturvedi’s connivance with the real estate projects of Shree Saibaba Grihinirmiti Pvt Ltd.
In 2017, the ED had launched a money laundering probe against Pushpak Bullion and group companies.
It also attached movable and immovable properties worth Rs 21.46 crore of Mahesh Patel, Chandrakant Patel, their family members and their controlled companies.
ED’s probe found that Patel had diverted Pushpak Realty’s funds in connivance with Chaturvedi.
Pushpak Realty Developers transferred Rs 20.02 crore to firms controlled by Chaturvedi under the guise of sale.
—AnyTV News
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